2937 West Blvd Los Angeles, CA 90016
West Adams NeighborhoodEstimated payment $16,967/month
Highlights
- New Construction
- 4 Car Direct Access Garage
- Landscaped
- No HOA
- Laundry Room
- Central Heating and Cooling System
About This Home
MAKE THIS ONE YOUR NEXT BUILDING: 2937 West Blvd is a FULLY STABILIZED NON-RENT CONTROLLED 4-UNITS in the Ultra Hot WEST ADAMS District just minutes from Downtown Culver City and the Culver City Arts District! This is your opportunity to secure a healthy CAP RATE (Monthly rent: $18,700) while owning a stunning 2023 built non-rent control property. Front building features: ONE 3-story 5 bed, 5.5 bath- 2,273 of living Sq. Ft with an attached 2 car garage (335) Sq. Ft including access to the roof top deck that provides an easy breezy outdoor living space with unmatched city views, with an attached 2-bedroom 1-bathroom ADU-970 Sq. Ft of functional living floor plan. The detached rear building features: TWO 3-story 4 bed,5 full baths-each unit is 1,757 Sq. Ft with an attached 1 car garage for each unit, including independent access to the roof top deck that provides unmatched city views. This design choice is invaluable to renters, who appreciate having their own separate living quarters and outdoor space including the convenience of not having to share parking accessibility-lot size 7,787 and combined living Sq. Ft including garages 7,844. Each unit is individually metered for water, gas and electric making the operating expenses at a minimum! Additional amenities: Fully equipped with all appliances, custom mini blinds throughout, usable balconies, front building independent yard, a large rear patio for the rear building, high quality finishes, walk-in closets with built in shelving, laundry hookups in each unit, high-end modern kitchens, and large, stunning bathrooms. Commuters enjoy close proximity to several of the most ground-breaking mixed-use developments: Alsace LA Boutique Hotel, Zoe Lofts, Platform, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the now operating Cumulus District/Whole Foods featuring live, work and play residences. And the following trendy restaurants: Alta Adams, Vicky's All Day, Mizlala, World Famous Johnny's West Adams, Farmhouse Kitchen, Party Beer Co, Delicious Pizza, Highly Likely and so many more all within a walkable score of 81 and a bike able score of 64 plus the large quantity of entertainment, tech, and creative jobs in the area, this area attracts outstanding professional tenants! This is the one for your 1031 exchange buyers and investors to step into an immediate cash flow property: $18,700 - actual rent.
Listing Agent
CENTURY 21 REALTY MASTERS Brokerage Phone: 323-253-5456 License #01308913 Listed on: 04/29/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,119
Year Built
- Built in 2023 | New Construction
Lot Details
- 7,787 Sq Ft Lot
- 1 Common Wall
- Landscaped
Parking
- 4 Car Direct Access Garage
- 2 Open Parking Spaces
- Parking Available
- Front Facing Garage
- Garage Door Opener
- Driveway
Home Design
- Quadruplex
- Entry on the 4th floor
Interior Spaces
- 7,139 Sq Ft Home
- 3-Story Property
- Laminate Flooring
- Laundry Room
Bedrooms and Bathrooms
- 15 Bedrooms
- 16 Bathrooms
Outdoor Features
- Exterior Lighting
Utilities
- Central Heating and Cooling System
- Private Water Source
Listing and Financial Details
- Tax Lot 498
- Tax Tract Number 5780
- Assessor Parcel Number 5050024008
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
Building Details
- 4 Leased Units
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 4 Separate Water Meters
- Gardener Expense $800
- Insurance Expense $5,000
- Maintenance Expense $2,800
- Professional Management Expense $4,800
- Operating Expense $13,400
- Gross Income $214,272
- Net Operating Income $200,872
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $35,642 | $2,998,800 | $2,040,000 | $958,800 |
| 2024 | $35,642 | $2,940,000 | $2,000,000 | $940,000 |
| 2023 | $12,119 | $979,200 | $816,000 | $163,200 |
| 2022 | $11,563 | $960,000 | $768,000 | $192,000 |
| 2021 | $6,333 | $515,091 | $412,079 | $103,012 |
| 2020 | $6,394 | $509,810 | $407,854 | $101,956 |
| 2019 | $6,147 | $499,814 | $399,857 | $99,957 |
| 2018 | $6,001 | $490,015 | $392,017 | $97,998 |
| 2016 | $5,735 | $470,990 | $376,796 | $94,194 |
| 2015 | $5,651 | $463,917 | $371,137 | $92,780 |
| 2014 | $5,622 | $450,300 | $359,900 | $90,400 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/08/2025 08/08/25 | Price Changed | $2,995,000 | -3.2% | $420 / Sq Ft |
| 04/30/2025 04/30/25 | Price Changed | $3,095,000 | -1.7% | $434 / Sq Ft |
| 04/29/2025 04/29/25 | For Sale | $3,150,000 | 0.0% | $441 / Sq Ft |
| 09/28/2023 09/28/23 | Rented | $5,800 | -1.7% | -- |
| 09/15/2023 09/15/23 | Under Contract | -- | -- | -- |
| 08/22/2023 08/22/23 | For Rent | $5,900 | 0.0% | -- |
| 07/27/2021 07/27/21 | Sold | $960,000 | 0.0% | $755 / Sq Ft |
| 06/16/2021 06/16/21 | Pending | -- | -- | -- |
| 06/14/2021 06/14/21 | Off Market | $960,000 | -- | -- |
| 06/14/2021 06/14/21 | For Sale | $949,000 | -- | $746 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | -- | California Best Title | |
| Gift Deed | -- | None Listed On Document | |
| Grant Deed | $960,000 | Fidelity National Title | |
| Grant Deed | $400,000 | North American Title Co | |
| Interfamily Deed Transfer | -- | Chicago Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,915,875 | New Conventional | |
| Previous Owner | $1,600,000 | Construction | |
| Previous Owner | $100,000 | Credit Line Revolving | |
| Previous Owner | $412,000 | Unknown | |
| Previous Owner | $84,700 | Credit Line Revolving | |
| Previous Owner | $395,000 | Unknown | |
| Previous Owner | $41,000 | Credit Line Revolving | |
| Previous Owner | $320,000 | Purchase Money Mortgage | |
| Previous Owner | $245,000 | Unknown | |
| Previous Owner | $175,000 | Purchase Money Mortgage | |
| Closed | $40,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: MB25094379
APN: 5050-024-008
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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